The market for tobacco packaging is estimated to grow from USD 14.27 Billion in 2017 to reach USD 16.65 Billion by 2022, at a CAGR of 3.1%. The base year considered for the study is 2016 and the market size is projected from 2017 to 2022.

The key objective of the global tobacco packaging report is to provide companies with a summary of the latest trends and lucrative business expansion opportunities for tobacco packaging manufacturers, suppliers, and distributors. The report also demonstrates the key business strategies and principles adopted by the key players around the world. The segments considered for this report are based on type, end use, material, and region.

The research methodology used to forecast the market size focused on the bottom-up approach. The total market size of tobacco packaging was calculated based on the share of the various packaging types and materials derived. Providing weightage for the share and calculation were done on the basis of extensive primary interviews and secondary research from a variety of sources such as the Association for Packaging and Processing Technologies (PMMI), the Packaging Industry Association of India (PIAI), and the European Carton Makers Associations (ECMA). Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary sources is depicted in the figure below.

MarketsandMarkets projects the tobacco packaging market size is estimated to grow from USD 14.27 Billion in 2017 to USD 16.65 Billion by 2022, at a CAGR of 3.1%. The tobacco packaging market is witnessing considerable growth due to the rise in per capita income and stressful lifestyles. Equality laws for women have developed a new market for female smokers, which is another key factor fueling the growth. Tobacco packaging has come across new opportunities due to the growth in population and the technological advancements

On the basis of material, the tobacco packaging market is segmented into paper boxes, paper, plastic, jute, and others. The paper box packaging segment is expected to have a high growth rate during the forecast period. Paper box packaging is a developing trend in the packaging industry. It is environment-friendly and cost-effective, and is hence gaining popularity in many regions. Due to the rising issues regarding the non-biodegradable nature of plastic and metal packaging, paper box packaging is highly preferred by manufacturers.

On the basis of type, the tobacco packaging market is segmented into primary, secondary, and bulk. The secondary segment accounted for the largest share in 2016 and is also projected to grow at the highest CAGR over the next five years. Increase in consumption of cigarettes in social gatherings and rise in demand for innovative cigarette boxes have boosted the market for secondary packaging.

In 2016, the Asia-Pacific market accounted for the largest share of the global tobacco packaging market, followed by Europe and North America. Factors such as the growing stress in work life and rising demand for cigarettes among women have contributed to the growth in demand for tobacco packaging. In addition to this, the growing population in these countries presents a large customer base for tobacco products, which in turn is expected to drive the tobacco packaging market The rising trade of tobacco in the region drives the demand for tobacco products, subsequently driving the tobacco packaging market.

The global market for tobacco packaging is dominated by large players such as Amcor Ltd. (Australia), Innovia Films (U.K.), WestRock (U.S.), ITC (India), Mondi Group (South Africa), Altria Group (U.S.), Ardagh Group (U.S.), British American Tobacco (U.K.), Reynolds American Corporation (U.S.), and Philip Morris International Inc. (U.S.). These companies adopted various strategies such as mergers & acquisitions, expansions, new product launches, partnerships, divestitures, and joint ventures to strengthen their position in the market. Majorly adopted strategy by key players was mergers & acquisition.

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